Uncover Secret Retirement Plan Selection Tips Today

Types of Retirement Plans

There are several types of retirement plans, each with its own benefits and considerations:

• 401(k) Plans: These employer-sponsored plans allow you to contribute a portion of your salary before taxes, often with employer matching. This can significantly boost your savings over time¹.
• Traditional IRA: An individual retirement account offering tax-deferred growth, meaning you don't pay taxes on earnings until you withdraw funds².
• Roth IRA: Contributions are made with after-tax dollars, allowing for tax-free growth and withdrawals in retirement³.